$UNI This 15m move is pretty interesting—the price is down just 0.54%, which doesn’t look like much, but volume jumped straight to 2.31x, and the close also fell below the lower bound of the last nearly 20 5m candles’ range.
OI hasn’t shrunk noticeably. Combined with the price decline, this looks more like new shorts entering with leverage than longs collectively throwing in the towel. The anomaly percentile is 81%; it ranks #15 across the whole pool and #6 for notional change, so liquidity is definitely clustering around this level.
The aggressive trade imbalance is 7%, and the buy/sell ratio is 1.15, so bulls haven’t completely given up either. The key is whether price can reclaim the range low after breaking below it. With $105M in daily trading volume behind it, any decisive move won’t be subtle.
For now, keep an eye on the lower bound of this 5m range.
OI hasn’t shrunk noticeably. Combined with the price decline, this looks more like new shorts entering with leverage than longs collectively throwing in the towel. The anomaly percentile is 81%; it ranks #15 across the whole pool and #6 for notional change, so liquidity is definitely clustering around this level.
The aggressive trade imbalance is 7%, and the buy/sell ratio is 1.15, so bulls haven’t completely given up either. The key is whether price can reclaim the range low after breaking below it. With $105M in daily trading volume behind it, any decisive move won’t be subtle.
For now, keep an eye on the lower bound of this 5m range.
